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Leokris [45]
3 years ago
14

What is true about the payments with closed-end credit?

Business
1 answer:
denis-greek [22]3 years ago
8 0

Answer:

C)They remain the same until the credit is paid off.

Explanation:

In a closed-end credit, borrower and lender agree on principal amount, interest rate and monthly payments. These features stay the same over time.

The most common types of closed-end credit are mortgages and car loans.

For example, if a person wants to buy a car on credit, they agree to pay a monthly amount, that includes both interest and principal payments, until the full amount is paid off in a specified date in the future. After the last payment, the right to ownership of the car is transferred from the borrower to the lender, closing the credit.

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Traffic patterns are important in room design and should take potential furniture placement into account true or faolse
sergiy2304 [10]
The answer for the given statement above would be TRUE. What makes this true is that traffic patterns should be taken into consideration because this is the space in the room that people can walk through. Therefore, such furniture placements should be observed very well.
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3 years ago
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What would you pay for an investment that pays you $49000 at the beginning of each year for the next ten years? Assume that the
mr_godi [17]

Answer:

$360,644

Explanation:

The computation of the amount paid for an investment is as follows:

= Payment made × ((1 - (1 + rate of interest)^-number of years) ÷ rate of interest

= $49,000 × ((1 - (1 + 0.06)^-10) ÷ 0.06)

=$360,644

We simply applied the above formula so that the correct value could come

And, the same is to be considered

Hence, the amount paid for an investment is $360,644

6 0
3 years ago
Which country expanded its empire the most during the Age of Discovery? A. Russia B. Africa C. Portugal D. America
galina1969 [7]

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3 years ago
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Hurricane Industries had a net income of $129,650 and paid 40 percent of this amount to shareholders in dividends. During the ye
oksano4ka [1.4K]

Answer:

a. 28390

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Stockholders cash flow is the net of cash inflows from stockholders and cash outflows to stockholders.

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Cash Inflow

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3 years ago
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Suppose two athletes each sign 10-year contracts for $80 million. In one case, we’re told that the $80 million will be paid in 1
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Answer:

The athlete with equal installments got the better deal.

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Two athletes each sign 10-year contracts for $80 million.

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In the other case, the $80 million will be paid in 10 installments, but the installments will increase by 5 percent per year.

The one with equal installments will get $8 million every year.

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Though the total value of both the annuities will remain the same.

7 0
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